Education and training for family business management

The Family Business Stewardship Institute (FBSI) prepares family business owners, shareholders, and stakeholders (including non-owner spouses and future owners) for effective stewardship of their family enterprise and for the significant and sometimes unpredictable transitions and decisions that must be made to determine the success and continuity of the family business.

Our next cohort begins June 20-21, 2022.

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Designed for

Family business owners, shareholders, and stakeholders (including non-owner spouses and future owners) looking for ways to ensure effective stewardship of their family enterprise.


MODULE 1: Managing Relationships

  • Understanding Yourself and Others
  • Life Stages
  • Family Dynamics and Genograms
  • Difficult Conversations
  • Family Cohesion
  • Conflict and Conflict Resolution

MODULE 2: Governance

  • Business and Ownership Governance
  • Leadership, Accountability, and Governance
  • Implicit to Explicit Governance
  • Models of Family Governance
  • Creating a Governance Plan

MODULE 3: Leadership

  • Defining Leadership
  • Vision and Values
  • Responsible Leadership
  • Leadership and Team
  • Managing Change
  • Creating Accountability

MODULE 4: Finance

  • Accounting and Financial Analysis
  • Planning and Investments
  • Business Exit Strategies

MODULE 5: Strategy

  • Strategy Basics
  • Risk and Resiliency
  • Family Strategy
  • Business Strategy
  • Personal Strategy

MODULE 6: Transitions

  • Keys to Transitions
  • How Will You Measure Your Life and Gratitude
  • Defining Personal Success
  • Working with Advisors

Program benefits

No other program out there offers this level of comprehensive family business education. Thought leaders, subject matter experts, and live case studies, along with confidential peer-to-peer learning, are all here to help you develop a set of tools and resources to foster responsible and effective stewardship. Take what you learn and help steer your family business to an even brighter future.

The goal of the program is to provide you with a comprehensive look at six key areas of family business: relationships, governance, leadership, finance, strategy, and transitions. During meetings, you will look closely at how each of these areas plays a vital role in healthy and successful family businesses. Outside of meetings, you’re encouraged to take what you’ve learned back to your family business, see what impact it has, and report back to your peers on your challenges and successes.

Key features

  • 18 Month Course
  • Quarterly Facilitated Meetings
  • Experiential Learning
  • Comprehensive Curriculum with Peer Support
  • Taught by Expert Faculty
  • Guest Speakers and Subject Matter Experts
  • Live Case Studies

Meeting info and COVID precautions

FBSI meets 6 times over the course of 18 months. The 2022 cohort launches with its first meeting on March 28-29. Typically, FBSI meets on Loyola's Water Tower Campus at the Schreiber Center, located at 16 E. Pearson Street.  

Note related to COVID: Our 2022 FBSI cohort is scheduled to meet in-person, which assumes that in-person programs will be allowed at that time. All in-person meetings will adhere to social distancing guidelines. In the event that it is not possible to meet in person on Loyola's campus, we will work with you and our lead faculty to determine whether we will gather off-site or online. 


Each meeting is a melting pot of family business CEOs, shareholders, family council members, non-family business employees, and managers. This trusted and confidential group will support you on your journey and help you understand how to develop a family strategy for responsible ownership. Many FBSI participants maintain a connection to their fellow peers beyond graduation.

Download an info sheet

To download a snapshot of our FBSI program, click here.

Contact us

If you would like to learn more about the Family Business Stewardship Institute, schedule an appointment with center director Anne Smart at 312.915.7738 or asmart@luc.edu.

“For anyone who has not spent time talking with other family business owners, I cannot express how
valuable it is. The ability to talk in an environment that was confidential and where you were going to come back again and again and engage each other was invaluable. For me, there was a freedom in FBSI that I could not find anywhere else.”

Jenna Juday
Development and Education Committee
Chair and Co-manager
IDEAL Industries
FBSI Graduate, Class of 2017